As we approach $250,000 in total platform volume just 7 days into our open Beta, we want to prioritize our commitment to the community and ecosystem that we are building.
With that, we have begun our revenue powered buy-backs. We have high hopes in regards to creating meaningful platform incentives, rewarding beta users, and creating an ecosystem where every user feels valued as we would not be here without them.
We look to continue utilizing our platform revenue to provide value to our users and supporters. Thank you to all users that have provided feedback, support, and encouragement. We look forward to delivering the best product possible! More to come! $Polyblock
We have just crossed $150,000 in total trading volume on the platform!
To our early adopters and Beta testers that continue to support us, we value you more than you know!
Lots to roll out in the coming days, no slowing down here!
$Polyblock
As promised, I quit my job. Iโm dedicated to making this work. In the last 48 hours, weโve been grinding non stop. Iโm going to keep giving you guys these frequent updates as I know you like to know what progress is being made and it helps us stay accountable for the progress we make.
Between the two of us, weโve had around 10 hours sleep and a LOT of caffeine over the past couple of days.
B has been staring at the Auto Trader data for past trades across all timeframes and assets and identified some golden patterns where our win rates are consistent and high (60-75% with 200-300% profit factors) along with looking at the same consistencies across losses. Using this data, we now direct Claude not to trade in specific situations which almost always result in a loss, which should increase win rate. From looking at all of our stored order book history and comparing it to our previous entry prices, Claude found significant areas where we can place our buy orders at lower prices, which means we now acquire more shares for the same price, increasing profit margins for every trade. Our win rate has increased since applying these changes, but of course we need more data to be sure. Claude now has access to every trade weโve ever made too, and heavily considers past performance in the same conditions. It wonโt take the trade if the win rate is low for previous trades with the same market conditions.
As mentioned in the quoted post below, my number one priority has been workflow between us two devs and ensuring the platformโs foundation is built for sustainability. We didnโt have either of these locked in 12 hours ago.
Since then, weโve changed our system to ensure we backup every single change and can both work on implementing new functions or fixing bugs at the same time. This has already significantly improved our output. A common problem for every developer is that when we make one fix, it breaks something else. With this new system, we back up our server after every change and can easily revert back to previous logic with the click of a button and then re-attempt the fix, making sure we donโt break a function that is responsible for important processes on the server. This will also save us hours of work when something breaks that worked previously.
We had a major problem with our server load and CPU usage causing the server to crash, restart and completely shut down multiple times per day, you may have noticed prices not showing or markets not loading for short periods of time. We were previously manually restarting the server as a temporary fix while we had other bugs to iron out. Personally, iโve spent the past 6-10 hours really digging into the code, core functions and systems that run frequently to find the root cause. Iโm confident that our server now operates how it should. Weโll need to continue monitoring in order to ensure we have completely resolved the problem but weโve had 0 restarts in the last 3 hours and our metrics look much better.
As weโve been working through this, weโve been responding to you guys reaching out in our support chat whenever we get a moment. Weโre happy to help with anything you need, so feel free to reach out. Weโll implement email notifications soon so you donโt miss a reply from us. More on this soon.
We had a bug with 15m markets disappearing in the last 5 minutes of the market. This has been resolved now.
Also made some minor improvements to the home page, making it more attractive.
My next concern is the information we show to users in analytics and trade history. We are aware everyone is seeing incorrect statistics and we have identified that the root cause of this issue is likely unclosed trades. Weโll look at automated processes that close every position, updating all data correctly.
Please remember that we didnโt even have a working product 9 days ago when the token was launched. Weโve many sleepless nights since launch date, dedicated every minute of every day to fast forward our development and bring you something we are proud of. So far weโve accomplished that.
If you have any issues, please open a ticket in our docs page where you can chat directly with me while I resolve your issue for you.
Thank you for your endless support! Weโre so close to being able to focus on UI and new features. Iโm excited for what the future holds!
100%, it's on the list!
We have a to-do list we reference everyday. It's there, and don't worry, the buyback funds are safe and ready to blast when the setup is complete.
This takes a little extra development to make it automatic when bridging from Polygon to Solana and then buying $Polyblock.
Lead dev here for a quick update for you guys:
I'm meant to go back to work tomorrow. Me and B have had some in-depth conversations about the future of Polyblock and what it could be, and as I've said before, we're super excited.
We have a platform which is valuable.
We have a product that works.
We're generating revenue.
Combined, we've spent over 1,000 hours working on Polyblock.
I understand that if I'm to go back to work tomorrow, and leave the desk for another 4 full days, we simply can't make the progress we need, or fix platform issues as fast as we have been doing.
This is why I'm taking a huge personal risk and calling my boss and quitting my job tomorrow. I understand what we have, and truly believe we can be and already are the best Crypto Polymarket trading terminal that there is.
Over the next few days, my main priority is workflow. We will be optimising the workflow we have between the two of us to be more productive in a way we can both make changes to the platform and server at the same time.
I also come from a background of business and marketing, and truly understand the importance of real world marketing, not just relying on "CT to push it." I have a strong background in Google Ads and have started to work on our search engine presence. We want to show at the top of Google when you search things like "Crypto prediction trading terminal." However, before we turn this on, there's a few optimisations needed for our platform, and we need to set up our business email for account creations and email marketing. Our business email which you can contact is: [email protected], in case you have any problems.
Sometimes you don't directly see the changes we make, but trust that our process is correct. We have to build the core structure, make sure everything is correct, and test everything we do before we can dive into some of these things. We are going to do this right.
It really is time to lock in.
30+ hour days at the desk, constant updates, and adhering to what our community suggests will be some of the leading contributors to our success.
I'd like to thank each and every one of you. Every follower, every person who has commented, like or shared our posts, every user who has signed up, deposited or even traded on our platform, and everyone who has non-stop supported us up until now.
$Polyblock will be the leading trading terminal for crypto prediction markets.
@TheDuckPress@DombaEth27@graphprotocol Who the hell holds coins long-term? lol Youโre supposed to grab a quick bag on the pump and dip. GRTโs been free money since the start of the yearโgg, burp.